China’s central bank aids gold’s record-setting run with 11-month buying streak

Even after a record-setting run, the price of gold appears poised for further gains, as China’s central bank extended its buying streak to an 11th straight month and demand for the safe-haven asset continues to grow amid an ongoing US government shutdown.
Spot gold prices in London surpassed the benchmark US$4,000 per ounce on Wednesday morning, hitting a new high after an identical breach by gold futures in New York on Tuesday.
The surge comes as investors seek reliable sources of return in an…